SEC Vote Reveals Likely IFRS Implementation Date

by

Via The Journal of Accountancy

The Securities and Exchange Commission voted unanimously on Wednesday on a new timeline for implementation of International Financial Reporting Standards for all US Public Companies.  The action calls for more study on the change from US Generally Accepted Accounting Principals, but envisions 2015 as the earliest date for implementation.

 

Following is a video of SEC Chairman Mary Schapiro’s statement regarding the vote:

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